R-15.1 - Supplemental Pension Plans Act

Section 106 Disposition versions

2001-01-01

106. Where the transfer is made at the request of a member who availed himself of a general agreement prescribing the conditions of transfer, between pension plans, of benefits or assets in respect of a given group of members, the benefits attributed to the member following the transfer shall be equal to or greater than the benefits which, determined on the basis of the assumptions referred to in section 61 which, at the date of the transfer, are used to determine the value of other pension benefits to which section 60 applies and which are vested on that date, would have resulted from the transfer to a plan not governed by this Act of the assets related to the benefits that the member had accumulated before the transfer.

1989, c. 38, s. 106; 2000, c. 41, s. 67.

1999-04-01

106. Where the transfer is made at the request of a member who availed himself of a general agreement prescribing the conditions of transfer, between pension plans, of benefits or assets in respect of a given group of members, the benefits attributed to the member following the transfer shall be equal to or greater than the benefits which, determined according to actuarial assumptions and methods identical to those which were transmitted to the Régie and which, at the date of the transfer, are used to determine the value of other pension benefits to which section 60 applies and which are vested on that date, would have resulted from the transfer to a plan not governed by this Act of the assets related to the benefits that the member had accumulated before the transfer.

A copy of every general agreement referred to in the first paragraph shall be transmitted to the Régie within thirty days after the day it is entered into.

1989, c. 38, s. 106.